Powell's explicit - and repeated - references to the need for caution from here on jolted Wall Street, sending stocks sharply lower, bond yields higher and leading investors to dial back estimates of how far borrowing costs are likely to fall over the coming year.
The rule is meant to protect depositors whose money is insured up to $250,000 by the government.
Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the world’s biggest economy.
China's economic woes trigger European and Wall Street equity sell-offs and stir up fears for global growth.
The dollar slumps the most since October 2011 after the Federal Reserve reduced projections for interest- rate increases and expressed concern the dollar's surge is weighing on exports and inflation
The US economy adds 295,000 jobs in February, while the unemployment rate fell to 5.5% from 5.7%
Powell's explicit - and repeated - references to the need for caution from here on jolted Wall Street, sending stocks sharply lower, bond yields higher and leading investors to dial back estimates of how far borrowing costs are likely to fall over the coming year.
The rule is meant to protect depositors whose money is insured up to $250,000 by the government.
Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the world’s biggest economy.
China's economic woes trigger European and Wall Street equity sell-offs and stir up fears for global growth.
The dollar slumps the most since October 2011 after the Federal Reserve reduced projections for interest- rate increases and expressed concern the dollar's surge is weighing on exports and inflation
The US economy adds 295,000 jobs in February, while the unemployment rate fell to 5.5% from 5.7%
